Let's assume John Doe works for the presidential administration as an economic advisor. He believes that higher interest rates could control the economy's runaway inflation, and that if the Federal Reserve would just increase its lending rates, this could stabilize the economy. He advises the president of this and encourages others in the administration to encourage the Federal Reserve to increase its rates. John Doe is a hawk.
Jane Smith is a deficit hawk. She believes that reducing government spending is crucial to decreasing the government's budget deficit.